Barium Sulfate Market - Global Industry Analysis, Size, Share, Trends, and Forecast 2017 - 2025

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Barium Sulfate Market - Global Industry Analysis, Size, Share, Trends, and Forecast 2017 - 2025

Status : September, 2020 | Chemical & Materials | PPT format

Report Digest


Global Barium Sulfate Market: Snapshot

Barium is being increasingly used in various industries due to its high level of chemical reactivity. Some of the commonly used derivatives of barium are barium nitrate, barium oxide, barium sulfate, barium titanate, barium chloride, and barium carbonate. Among these, barium sulfate is massively popular and highly acknowledged for not having hazardous effects on humans as well as the environment. It is widely used in the manufacturing of polystyrene and polypropylene and thus, the soaring demand for these compounds in the packaging industry is stoking the growth of the global market for barium sulfate.

Barium sulfate has strong demand as a radio-contrast agent in X-ray imaging and other diagnostic procedures. Hence, the development of the novel diagnostic technologies is augmenting the overall market. The emergence of nanotechnology is also working in the favor of the global market. Apart from this, the increasing consumption of barium sulfate across industries such as automotive and steel in developed regions such as North America is fuelling growth prospects.

The majority of players in the global barium sulfate market are focusing towards research and development and product innovation. Companies are striving to boost their presence across different application segments and geographies in order to maximize their profit. Key players are also trying to capitalize on the rapid advancements in nanotechnology in order to stay relevant in the market.

Global Barium Sulfate Market: Synopsis

The global barium sulfate market employs barite mineral as the chief commercial source of barium. The inorganic compound barium sulfate is heavily exploited in its salient applications because of its excellent properties such as white opaque appearance and high density. Impure and pure barium sulfate are the two principal grades produced globally.

Global Barium Sulfate Market: Applications

The ceramic industry has remarkably led the global barium sulfate market toward a commendable growth for a good reason. It is one of the leading consumers of barium carbonate, which is produced from barium sulfide. In the event, this would certainly drive the global market since barium sulfate is used in the production of barium sulfide. The other applications of barium sulfate include pyrotechnics, brake linings, catalyst support, colorimetry, root canal filling, soil pH test, anacoustic foams, powder coatings, and Episal salt. Barium sulfate is also peculiarly used as a drilling fluid, paper brightener, pigment, radiocontrast agent, and plastic filler.

Global Barium Sulfate Market: Trends

The demand in the international barium sulfate market is envisioned to register a phenomenal growth in the foreseeable future with a record high maturation of crucial sectors such as paper, plastics, and paints and coatings. Giants companies are taking to the titanic market potential of the emerging nations of the world to rake in prodigious business profits. End-user sectors such as construction, plastics, paper, paints and coatings, oil well drilling, automotive, medical, and X-ray imaging have been demanding barium sulfate at a swift rate, especially in the developing regions. All of these factors have laid a healthy foundation for the global market to gain a momentous growth during the forecast period.

Global Barium Sulfate Market: Geography

Not many years from now, the world barium sulfate market is anticipated to receive a strong support from the Asia Pacific market, which is expected to witness a supersonic growth. Surfacing Asia Pacific countries such as India, Malaysia, China, Thailand, and Indonesia are putting forth a noteworthy demand for barium sulfate. With an impressive market potential in the oil well drilling, plastics, paper, paints and coatings, and construction industries, the aforementioned emerging nations including Brazil and Qatar are foretold to create a significant demand. Moreover, Brazil and Qatar are usually the hosting venues for large-scale events such as the FIFA World Cup and Olympics, which in turn increase the demand, owing to the need to construct state-of-the-art infrastructure.

Geographies such as Israel, Egypt, Argentina, Saudi Arabia, and South Africa are also prophesied to rapidly contribute toward the growth of the global barium sulfate market. On the back of a steady recovery from economic crisis, developed regions such as the U.S. and Europe are envisaged to produce an optimistic outlook for the global market.

Solvay Chemicals Inc., Sakai Chemical Industry Co., Ltd., GFS Chemicals, Inc., NOAH Technologies Corporation, Hebei Xinji Chemical Group Co., Ltd., Jingyan Chem (H.K.) Ltd., and Chemical Products Corporation are some of the promising players expected to prevail in the global barium sulfate market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?